a. If the interest rate per month is 0.02, compounded monthly, what is the annual effective equivalent
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a. If the interest rate per month is 0.02, compounded monthly, what is the annual effective equivalent rate?
b. How much do you have to save per year for 20 years in order to have $50,000 per year for perpetuity? r = 0.10. The first $50,000 payment will be received at time 21.
c. If $100 will grow into $120 in one year, what is the continuous rate of growth?
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An Introduction To Accounting And Managerial Finance A Merger Of Equals
ISBN: 9789814273824
1st Edition
Authors: Harold JR Bierman
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